O2 is changing its name to OX2

2014-05-20

– pronounced [oxtoo]
We are now taking the next, exciting step towards expanding our geographical markets and moving into new areas of renewable energy and technology. To facilitate this move, we are changing our name to the more unique OX2 and are updating our graphical identity. Our business idea will, of course, remain the same – working in partnership with our investors to generate profitable business opportunities, while driving the shift towards a sustainable society.

OX2’s business model – to be a turnkey developer and implementer of large-scale wind power projects – has been successful, and we are attracting more business partners than ever before, especially among international financial investors and major electricity consumers. We have been involved in more than half of the wind power establishments implemented over the past year. In addition, we have management assignments covering almost 500 MW in total, equivalent to annual wind power production of around 1.5 TWh.

The unique name, OX2, will enable us to achieve a clearer position and even better opportunities for continued international expansion. The names of our subsidiaries will also change as part of the same process.

The energy sector as a whole is undergoing an intensive transformation, and renewable power sources in Europe and the world are moving inevitably towards the point where they will form the basis for the energy system of the future. As an experienced implementer of new, profitable renewable energy sources, the future is looking very promising for OX2.